Execution of Bid Implementation Deed - Acquire Kula Gold

The execution of a Bid Implementation Agreement marks a significant strategic move for Forrestania, positioning it for transformational growth in the gold sector.

<ul><li>Forrestania Resources Limited (ASX: FRS) has signed a Bid Implementation Agreement to acquire Kula Gold Limited (ASX: KGD) through an off-market takeover offer.</li><li>The proposed offer values Kula Gold at approximately $58.894 million, representing a 41% premium for existing KGD shareholders.</li><li>The acquisition is intended to consolidate complementary gold assets enhancing Forrestania's regional footprint in Western Australia.</li><li>Kula Gold’s Board unanimously recommends acceptance of the offer, pending no superior proposals.</li><li>Next steps include lodging of the Bidder’s Statement with ASIC by October 27, 2025, with an expected offer period ending December 1, 2025.</li></ul>

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Execution of Bid Implementation Deed - Acquire Kula Gold